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[ MAIN ]NEWSPOLITICS & GOVERNMENT

FG Receives $227m Of Abacha’s Loot On Wednesday

The Federal Government has announced that following the withdrawal of the corruption suit against the son of the late Gen. Sani Abacha, it would on Wednesday receive 167million euros ($227million) from the Principality of Liechtenstein, being part of the Abacha loot in that territory.

The Attorney-General of the Federation,  Mohammed Adoke, through government lawyer Daniel Enwelum, told Justice Mamman Kolo of an Abuja High Court on Wednesday that he had filed a notice of discontinuance of the case.

Paul Nwabuikwu,Spokesman of the Finance Minister Dr. Ngozi Okonjo-Iweala, said:“The return of the funds is the culmination of a robust 16-year effort by the Federal Government to retrieve the funds. Working under the leadership of President Jonathan, the Attorney General of the Federation, Mr Mohammed Adoke-led the effort with support from the Coordinating Minister of the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala and the National Security Adviser, Col. Sambo Dasuki.”

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